Amend HB 3454 on third reading by adding the following 
SECTION to the bill and renumbering existing SECTIONS accordingly:
	SECTION ____.  (a)  Section 41A.01, Tax Code, is amended to 
read as follows: 
	Sec. 41A.01.  RIGHT OF APPEAL BY PROPERTY OWNER.  As an 
alternative to filing an appeal under Section 42.01, a property 
owner is entitled to appeal through binding arbitration under this 
chapter an appraisal review board order determining a protest 
brought under Section 41.41(a)(1) or (2) concerning the appraised 
or market value of [real] property if[:
		[(1)]  the appraised or market value, as applicable, of 
the property as determined by the order is $1 million or less[; and
		[(2)  the appeal does not involve any matter in dispute 
other than the determination of the appraised or market value of the 
property].
	(b)  Section 41A.03(a), Tax Code, is amended to read as 
follows:             
	(a)  To appeal an appraisal review board order under this 
chapter, a property owner must file with the appraisal district not 
later than the 45th day after the date the property owner receives 
notice of the order:
		(1)  a completed request for binding arbitration under 
this chapter in the form prescribed by Section 41A.04; and
		(2)  an arbitration deposit [in the amount of $500,] 
made payable to the comptroller in the amount of:
			(A)  $500; or                                                         
			(B)  $250, if the property owner requests 
expedited arbitration under Section 41A.031.
	(c)  Effective September 1, 2012, Section 41A.03(a), Tax 
Code, is amended to read as follows:
	(a)  To appeal an appraisal review board order under this 
chapter, a property owner must file with the appraisal district not 
later than the 45th day after the date the property owner receives 
notice of the order:
		(1)  a completed request for binding arbitration under 
this chapter in the form prescribed by Section 41A.04; and
		(2)  an arbitration deposit in the amount of $500, made 
payable to the comptroller.
	(d)  Chapter 41A, Tax Code, is amended by adding Section 
41A.031 to read as follows:
	Sec. 41A.031.  EXPEDITED ARBITRATION.  (a)  A property owner 
is entitled to an expedited arbitration if the property owner 
includes a request for expedited arbitration in the request filed 
under Section 41A.03 and pays the required deposit.
	(b)  An expedited arbitration must provide for not more than 
one hour of argument and testimony on behalf of the property owner 
and not more than one hour of argument and testimony on behalf of 
the appraisal district.
	(c)  The comptroller shall adopt rules and processes to 
assist in the conduct of an expedited arbitration, including rules 
relating to the evidence required to be produced by each party.
	(d)  This section expires September 1, 2012.                            
	(e)  Section 41A.08, Tax Code, is amended by adding 
Subsection (c) to read as follows:
	(c)  In an arbitration proceeding under this chapter brought 
on the ground of unequal appraisal of property, the protest shall be 
determined in accordance with Section 42.26(a), except that a party 
may not present evidence relating to the median level of appraisal 
or the median appraised value of more than five other properties in 
the appraisal district.
	(f)  The change in law made by this section applies only to an 
appeal under Chapter 41A, Tax Code, that is filed on or after the 
effective date of this Act.  An appeal under Chapter 41A, Tax Code, 
that is filed before the effective date of this Act is governed by 
the law in effect on the date the appeal was filed, and the former 
law is continued in effect for that purpose.
	(g)  Except as otherwise provided by this section, this 
section takes effect September 1, 2009.